DECODE PROJECT INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

LATOYA WHITLOCK

Phone

5023843953

Tax Period

2024-07-01 to 2025-06-30

DECODE PROJECT INC, founded in 2018, is a small nonprofit in the Education sector that reported $204K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $349K exceeded revenue, resulting in a 71% operating deficit.

Mission

TO ELIMINATE INEQUITIES IN EDUCATION BY FOSTERING A DIVERSE COMMUNITY OF LEARNERS PREPARED TO NAVIGATE THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $263,355

THE DECODE PROJECT WORKS TO CLOSE THE OPPORTUNITY GAP BY PROVIDING STUDENTS WITH LEARNING DIFFERENCES AND FINANCIAL BARRIERS EFFECTIVE, STRUCTURED LITERACY INSTRUCTIONS. THIS IS ACCOMPLISHED BY THE TRAINING OF LITERACY MENTORS, TEACHING KIDS TO READ AND DEVELOPING A NETWORK OF ADVOCATES. WE PREPARE FUTURE EDUCATORS AND COMMUNITY LEADERS WITH TRAINING IN EVIDENCE-BASED, MULTI SENSORY STRUCTURED LITERACY, RESILIENCE BUILDING, HEALING-CENTERED CARE AND ANTI-RACIST/ANTI-BIASED RELATIONSHIP-BUILDING. AS WE TEACH KIDS TO READ, WE HAVE IDENTIFIED THAT MANY CHILDREN ENTER SCHOOL WITH WEAK LITERACY SKILLS AND THAT CHILDREN WITH EARLY LITERACY INTERVENTIONS ARE FOUR TIMES MORE LIKELY TO GRADUATE FROM HIGH SCHOOL. OUR LITERACY INTERVENTIONS ARE MULTI-SENSORY, EVIDENCE-BASED, SCIENTIFICALLY PROVEN AND TAILORED TO EACH STUDENT. WE DEVELOP A NETWORK OF ADVOCATES BY PROVIDING WORKSHOPS, RESOURCES, INDIVIDUALIZED REPORTS AND ADVOCACY SUPPORT FOR CAREGIVERS, YOUTH-SERVING ORGANIZATIONS, SCHOOLS AND EDUCATORS WHO BECOME RESOURCES FOR OUR STUDENTS. .

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $105,589

Program Service Revenue $96,765

Investment Income $1,999

Other Revenue $0

TOTAL REVENUE $204,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $252,209

Fundraising Expenses $2,812

Program Expenses $263,355

Other Expenses $96,445

TOTAL EXPENSES $348,654

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,353	$315,103	-0.4%
Expenses	$348,654	$278,345	+0.3%
Net Income	$-144,301	$36,758	-4.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$60,951

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LATOYA WHITLOCK	EXECUTIVE DIRECTOR	040.00	Key Emp	$60,951	$0	$60,951
CAREY GOLDSTEIN	CHAIR	N/A	Officer Director	$0	$0	$0
NAKIA STRICKLAND	TREASURER	N/A	Officer Director	$0	$0	$0
GERI KIPP	SECRETARY	N/A	Officer Director	$0	$0	$0
MARTIN GILFORD	DIRECTOR	N/A	Director	$0	$0	$0
NICHOLAS GAITAN	DIRECTOR	N/A	Director	$0	$0	$0
LORI TREXLER	DIRECTOR	N/A	Director	$0	$0	$0
ANTHONY TROTTER JR	DIRECTOR	N/A	Director	$0	$0	$0
ALAYNA MCDADE	DIRECTOR	N/A	Director	$0	$0	$0
LISA PETRY	DIRECTOR	N/A	Director	$0	$0	$0
NINA SMITH	DIRECTOR	N/A	Director	$0	$0	$0
RAFAEL STEWART	DIRECTOR	N/A	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$204,353	$348,654	$130,713	$-144,301
2024	$315,103	$278,345	$274,873	$36,758
2023	$360,060	$323,387	$238,211	$36,673
2022	$275,930	$185,596	$239,227	$90,334